Special Enrollment period (Nov. 15- Dec. 15) when minimum participation requirements do not apply.

No limited enrollment period for employers who meet the minimum participation requirement.

Employers have the ability to control the following.

How long the employees’ initial enrollment period is.

The waiting period before new hires can enroll.

How much of the premium cost the employer will pay.

A local insurance agent or broker can help you enroll.

Or an employer can use the marketplace to find a local agent who is registered to sell SHOP plans.

The Small Business Health Care Tax Credit

A tax credit available for up to 50 percent of the employer’s premium costs.

To qualify for the credit, a business must.

Employ less than 25 full-time equivalent employees.

Incur an average employee salary of $50,000 or less per annum, which does not include most owner/employees.

Pay at least 50 percent of full-time employees’ premium costs.

Offer coverage to full-time employees through the SHOP Marketplace.

An employer can claim the credit for two consecutive years only; however, the credit can be a great means to ease the initial costs of adding coverage.

Conclusion

Health coverage may not be your business requirement, but it is one of the dominant attraction and retention elements for top employees. Similarly, working environment that offers a balance between work and comfort is an added attraction. YourOffice is a leader in providing the most prestigious executive office space and shared office space for any size business. Convenient, hassle free, and move in ready- our offices, meeting rooms, and conference rooms are designed to meet your business’ every need.

We hope this article has been informative one and we’d like to hear your comments. Feel free to visit us on Facebook and Google Plus.

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